In this technical blog, we’re going to take a quick look at the Elliott Wave charts of EURJPY published in the member’s area of the website. As our members knew, we’ve been favoring the long side in EURJPY.
Euro Yen shows an incomplete bullish sequence from 07 March 2022 low favoring the further upside.
The short-term Elliott Wave view in the pair made a rally from March 07, 2022 low is unfolding as a 5 waves impulse Elliott Wave structure and ended 21 April 2022. Up from 21 April 2022, wave 1 ended at 140.000, and a pullback in wave 2 ended at 132.600.
The pullback in wave 2 unfolded as a zigzag structure. Up from wave 1, wave ((a)) ended at 134.800, wave ((b)) ended at 138.300, and wave ((c)) ended at 132.600 which completed wave 2. Wave ((c)) ended at the 100% – 161.8% Fibonacci extension of wave ((a)). This area is denoted as a Celeste box on the chart. Pair has resumed higher in wave 2 and expect any short-term dips to find support in 3, 7, or 11 swings for further upside.
EURJPY 1 Hour Elliott Wave Chart 11 May 2022
EURJPY 1 Hour Elliott Wave Chart 12 May 2022
EURJPY 1 Hour Elliott Wave Chart 06 Jun 2022
EURJPY 1 Hour Elliott Wave Chart 08 Jun 2022
The chart shows buyers did appear in the Celeste box and the EURJPY cross rallied strongly gaining over 1000pips within a few weeks of reaching the Celeste box. It made a new high above April 2022 peak to create an incomplete bullish sequence as well. Members are long from the Celeste box and enjoying nice profits.
Elliott Wave View: EURAUD Found Buyers After Completed Double Three Pattern
Hello fellow traders. In this technical article, we’re going to take a look at the Elliott Wave charts of EURAUD, presented in the member's area on our website. Recently, EURAUD
Elliott Wave View: AUDUSD any Rally it can Fail for More Downside
The short-term Elliott Wave view on AUDUSD suggests that the cycle from the 8.11.2022 high is in progress as a 5 waves impulse structure. Down from the 8.11.2022 high, wave
Elliott Wave View: CADJPY Should Continue to Extend Higher
CADJPY shows a bullish sequence from the August 02 2022 low suggesting further upside is likely. The Rally from the August 02 low is unfolding as an impulse Elliott Wave
Elliott wave View: Bitcoin (BTCUSD) Entering Into A Wave Five Lower
The short-term Elliott wave view in BTCUSD suggests that the decline from March 28, 2022, High is unfolding as an impulse structure favoring some more downside. Down from 03/28/2022 high,
Elliott Wave View: EURJPY Buyers in Control
In this technical blog, we’re going to take a quick look at the Elliott Wave charts of EURJPY published in the member's area of the website. As our members knew,
The Funded Trader Programs Review
Forex is the biggest market globally and the first step of many beginner traders. While you don’t need significant capital to make money trading forex, it surely gets easier if